The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests tougher measures are needed to control inflation, Fed Chair Jerome Powell told U.S. lawmakers on Tuesday.
Great news if you have money in the bank from years of hard work and saving. Sucks if you borrowed more than you should have because you think that you deserve a maga mansion